The CEO of NVIDIA, Jensen Huang, has said that building the infrastructure for artificial intelligence (AI) will require several trillion Korean won more.
At the World Economic Forum (WEF) in Davos, Switzerland, on the 21st (local time), CEO Huang stated, “The AI boom has initiated the largest-scale infrastructure construction in human history.” He was speaking during a conversation with Larry Fink, CEO of BlackRock, at the same time. “Despite investments totaling hundreds of billions of dollars, infrastructure worth additional trillions of dollars (several trillion Korean won) must be expanded,” he continued.
“AI is like a five-tiered cake,” CEO Huang said of the technology. Cloud data centers, energy, AI models, and apps are all part of artificial intelligence, he said. AI is not just one technology. The need to design and operate all five levels of AI, he said, will generate employment opportunities in every sector of the economy, from manufacturing to construction.
Infrastructure for all tiers must be developed, which requires large-scale investment, he added.
Notably, CEO Huang stressed that top-layer AI applications will yield the most economic benefits. These sectors, which include healthcare, manufacturing, and the financial services, are at the front of economic innovation and will alter the character of employment everywhere. Additionally, he stated, “AI is foundational infrastructure,” which is crucial for the nation’s infrastructure. In the same way that governments handle power and highways, they should also handle artificial intelligence.
Additionally, he suggested that AI could be a chance for developing nations to catch up to more developed nations in terms of technology.
CEO Huang dismissed fears that AI will render certain occupations obsolete. “Conversely, it will boost demand in areas like radiology, and it will help with administrative duties in areas like nursing, which are experiencing labor shortages,” he stated. Specifically, he foretold that blue-collar workers will get wage increases. The demand for data center building, he added, may lead to annual earnings reaching 100 million Korean won for tradespeople like plumbers, electricians, and construction workers.
Not only did CoreWeave CEO Michael Intrator predict a rise in the need for skilled tradespeople like plumbers, electricians, and carpenters, but Palantir CEO Alex Karp had already made a similar point.
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